Paris-based climate tech startup Riverse has raised $5.6 million (€5 million) in seed funding to scale its platform that supports engineered climate solutions through high-integrity carbon credits, according to a company statement on Thursday.
The round was co-led by Alven and Racine²—an investment fund managed by Serena and makesense), with additional backing from SpeedInvest and Kfund.
Riverse aims to address growing demand for credible and transparent carbon credits that align with companies’ specific industries, locations, and value chains.
The startup previously developed the Riverse Standard, a scientifically rigorous framework for measuring and verifying emissions reductions, using industrial data and ISO 14064-2-aligned models.
Unlike traditional registries like Verra or Gold Standard, which primarily focus on nature-based solutions, Riverse specializes in engineered climate projects such as IT refurbishment, biomass carbon removal, bio-based building materials, and enhanced rock weathering.
With the new funding, Riverse plans to expand its team, accelerate platform development, and deepen partnerships across Europe and beyond.
The company has already validated over 60 projects, issued 250,000+ carbon credits, and gathered more than 2,000 data points.
It also received full ICROA endorsement, a significant milestone under updated industry standards.
Relevant: Exclusive: Riverse Receives ICROA Endorsement For Its Circular Economy Certification Standard
As global carbon markets face increasing pressure from corporate buyers demanding integrity and transparency, Riverse is positioning itself as a trusted partner.
The market will scale faster if we deliver both trust and relevance, Riverse stated.
This funding arrives at a pivotal time, as the voluntary carbon market (VCM) undergoes scrutiny over greenwashing and inconsistent standards.
Against this backdrop, Riverse believes that engineered solutions, backed by rigorous data, can restore trust and accelerate climate action.
